Quarterly report pursuant to Section 13 or 15(d)

Other Assets (Tables)

v2.4.0.8
Other Assets (Tables)
9 Months Ended
Sep. 30, 2014
Other Assets [Abstract]  
Schedule of Other Assets [Table Text Block]
Other assets as of September 30, 2014 and December 31, 2013 are summarized in the following table:
(in thousands)
September 30,
2014
 
December 31,
2013
Property and equipment at cost
$
4,519

 
$
2,285

Accumulated depreciation (1)
(1,626
)
 
(858
)
Net property and equipment
2,893

 
1,427

Prepaid expenses
1,065

 
1,818

Deferred tax assets
26,082

 

Intangible assets

 
533

Servicing advances
19,783

 
7,298

Federal Home Loan Bank stock
60,010

 
10

Equity investments
3,000

 

Other receivables
12,998

 
2,113

Total other assets
$
125,831

 
$
13,199

____________________
(1)
Depreciation expense for the three and nine months ended September 30, 2014 was $303,870 and $767,361, respectively.